Motorola looking towards a positive Q4 2007
Sometimes a changing of the guard is exactly what the corporate-doctor ordered. With the recent announcement that CEO Ed Zander will be taking off on January 1st, and CTO Warrior’s abrupt resignation , Motorola’s future is starting to take on a shimmer - a profitable glow, if you will. Motorola has announced that they are expecting a positive fourth-quarter for 2007. In an effort to calm investor worries over the recent management shake-up, Chief Financial Officer Tom Meredith confirmed operating revenues of 12 to 14 cents per share - which can be attributed to Motorola’s shift in focus from market-share growth to profitable growth. Nokia and Samsung have been eating away at Motorola’s market-share, and it seems that Motorola’s focus on making money rather than recapturing lost market-share has been a positive move. Good for you, Moto. We’re looking forward to all those new handsets that you claimed were on the way for 2008. [Via: Reuters ] --- Related Articles at IntoMobile:
- Deutsche Telekom posts 8.6% revenue growth for T-Mobile, 42% data revenue growth
- Motorola's Sidekick Slide fleet has critical slide-mechanism flaw
- Motorola announces business reorganization plan - struggles to cut costs amid massive lay-offs
- Motorola Ming coming to US with Windows Mobile!
- Motorola launches Motorola RAZR2 V8 "Luxury Edition"